ABF weighs closing Yorkshire plant after accusing government of ‘undermining’ viability April 29, 2025 More than 100 jobs could be at risk after the owner of a Yorkshire bioethanol plant said it was considering shutting down the facility, blaming the move on the government “undermining” its viability. The Salt End, Kingston upon Hull-based plant, which is operated by Vivergo and employs around 150 staff, has swung to a loss [...]
Bank of England ‘killing’ UK stablecoin ambitions, body warns April 29, 2025 The Bank of England risks “killing” London’s potential to become a global hub for stablecoins with its “prescriptive” rules, an industry body has warned, as it called for the rapid creation of a regulatory regime to support use of the digital assets. London’s dominance of the foreign exchange market, in which it accounts for as [...]
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]
Deliveroo to crack down on badly-behaved riders with policy hire April 24, 2025 Deliveroo is ramping up its efforts to crack down on badly-behaved drivers with a new senior hire. The London-based food delivery app has posted a job ad for a “rider policy manager” who will be tasked with creating policies “to address breaches of contract by riders which have a detrimental impact on the customer experience.” [...]
Recruitment firms shutting at fastest rate since financial crash April 24, 2025 Recruitment agencies are shutting for business at their fastest rate in fifteen years as companies tear up hiring plans amid rising taxes and global economic uncertainty. As many as 120 recruitment businesses have appointed liquidators in the past six months, a CityAM analysis of insolvency disclosures has found, a jump of 17 per cent [...]
London juice bar chain Crussh enters liquidation April 23, 2025 One of London’s best-known juice bar chains has entered liquidation, CityAM can reveal, after the healthy drinks business faltered under squeezed consumer spending and a surge in costs and tax hikes. Wimbledon-based Crussh, which operated stores in Kensington, Soho and the Square Mile, has this week appointed Mayfair-based business recovery firm Voscap to act [...]
Jorginho-backed investing app Gather Being re-emerges from administration April 22, 2025 An investing app backed by Arsenal star Jorginho has been re-launched after being put in administration, CityAM can reveal. Gather Being, which was founded as Gather in 2019, was launched in the summer 2023 after the Italian midfielder acquired a 10 per cent stake. But within months the startup was issued a winding-up petition [...]
Businesses on the brink: Company closures surge amid fears over UK economy April 22, 2025 Businesses across Britain are being shut down at a rate not seen since the financial crash, CityAM has found, in a major warning sign for the health of the UK economy. More than 1,100 companies have faced winding-up orders in the first fifteen weeks of 2025, according to an analysis of published insolvency notices [...]
